Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
The University of Michigan preliminary Survey of Consumer Sentiment declined for the third month in a row, reaching levels associated with recessions. The Trump administration’s inconsistent and inflationary policy-making caused the consumer to panic and the stock market to decline. This does not bode well for GDP which relies heavily on consumption.
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